Word: fails
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...months it had been clear that the FDIC, which maintains a fund to protect deposits when banks fail, would soon run out of money. By the FDIC's own revised estimate, the credit crisis, which has already claimed 95 banks this year, will cost the agency $100 billion. Half of that has already been spent. It's the other half the FDIC is having problems coming up with. As of the end of June, the FDIC had about $10 billion left in its insurance fund. That has put the FDIC in a tough spot. When a bank fails...
...recent article in Wired magazine explained the trend: “From 2001 to 2006, the percentage of new products cut from development after Phase II clinical trials, when drugs are first tested against placebo, rose by 20 percent.” And 50 percent of drugs that fail during clinical trials do so because they cannot improve upon the sugar pill. Pills for Crohn’s disease, schizophrenia, and depression have unexpectedly come up short against the placebo. Even surgical procedures and gene therapies have been proven no better than a skin incision or saline solution, which...
WHAT AN EPIC FAIL...
...Epic Fail? Nope...
...sway enough voters in the final days to make the tally close. For some opponents, who say the treaty will create an overly centralized E.U. and take away individual state decision-making powers, another no vote would give the unpopular government led by Prime Minister Brian Cowen's Fianna Fail Party its just deserts. Cowen's critics say that Fianna Fail squandered Ireland's wealth during the boom years and mishandled the country's economic recovery efforts. But it could also leave the E.U. reeling - officials fear a no vote could permanently sidetrack efforts to overhaul the aging institution...